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Piyush Goyal upbeat on India's export outlook despite global slowdown

Goyal highlighted the noteworthy achievement of India's goods and services exports, surging from $500 billion two years ago to an impressive $776 billion in 2022-23.Read more

China surges as top buyer of Indian Iron Ore, driving exports to record levels

Iron ore serves as a crucial feedstock, primarily utilised by China in steel production. Interestingly, India competes with China globally in the market for finished steel products such as hot rolled coils.Read more

Electronics exports soar 24%: Climbs to 5th place in India's Top 10

The electronic goods category is now only $200 million away from claiming the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.Read more

RoDTEP Scheme Extended to E-Commerce Exports for Boost in Trade Benefits

Implemented three years ago, the RoDTEP scheme involves refunding non-creditable central, state, and local levies embedded in the inputs paid by exporters.Read more

China's rare earth export ban sparks global race for alternative technologies

Rare earths, a set of 17 metals essential for manufacturing magnets used in electric vehicles, wind turbines, and electronics, are at the centre of this geopolitical struggle.Read more

Indian engineering exports decline 3% in November, industry optimistic for recovery

Arun Kumar Garodia, Chairman of EEPC India, noted a positive growth trend in the sector from August to October after a first-half slump in 2023, instilling hope for a continued upward trajectory.Read more

India's 2023 exports decline 5.3%, electronics shines amid challenges

According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more

India seeks to justify RoDTEP reimbursements amid US countervailing duties

This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more

BCIC advocates manufacturing growth for India's export ambitions

Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more

India-Oman free trade agreement set to boost exports, fuelling economic growth

The report, titled "India-OMAN CEPA: Gateway to Middle Eastern Markets and Beyond," by the Global Trade Reproach Initiative (GTRI), outlines the potential impact of the agreement.Read more

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